Quote from: theghostok on January 28, 2020, 04:25:14 PM

Quote from: condoras on January 28, 2020, 04:11:33 PM

Oh, now you want this "loan" for food... What's next, your rent or your bills?! Cheesy

Just answer this simple question. Why would someone give you money without any guarantee that he will get them back?

I'm offering some sort of guarantee. I exposed my identity. I linked to a project that I completed, but I'm waiting for it to be marked as complete. I'll get paid in less than 10 days, but I need to cover for some expenses right now. If I had liquidity in form of collateral, I wouldn't be asking for a loan here. Tongue

Why would someone give me money without any guarantee? Well, because lending is a risky operation where you get a high return in just a few days. And now while I'm typing it, I see that I forgot to state the amount I'm willing to pay back, and when. Silly me.

Well, I'm willing to pay 0.035 BTC in 10 days top. And yes, I'll be buying food, because I need to cover for some expenses like I said, and also I'll get paid about Feb 4. Nope, I'm not going to use the loan to gamble on a margin trade like most people do.

And what do all of this have to do with the lender?

You offering a guarantee of future income is not valid as a form of collateral. The lender still has to take your word for it that you will pay forward the future income, and that you will obtain the future income that you say you will be getting in the first place.

Furthermore, I hope you realise that collateralised loans are very common for a range of purposes, including when you don't want to cash out a certain investment but need liquidity or want to short a certain coin.

All you have right now is your reputation, which isn't a lot considering that you're just a junior member. I'm sorry, but we've seen too many instances of people failing to pay back on no collateral loans, even for prominent users of the forum (like xetsr).